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NYMEX RBOB: (K18) Bulls Target............>

OIL TECHS
OIL TECHS: NYMEX RBOB: (K18) Bulls Target $2.0889-2.1012 While 55-DMA Supports
*RES 4: $2.1705 - 2017 High Aug 31
*RES 3: $2.1012 - 2018 High Jan 26
*RES 2: $2.0889 - Daily Bear channel top off Jan high
*RES 1: $2.0322 - Hourly resistance Mar 22
*PRICE: $2.0211 @ 0430GMT
*SUP 1: $1.9871 - 55-DMA
*SUP 2: $1.9650 - High Mar 16 now support
*SUP 3: $1.9321 - Low Mar 19
*SUP 4: $1.9199 - Low Mar 16
*COMMENTARY: The aggressive break of the 55-DMA and bear channel top off 2018
highs is hesitating around the Bollinger band top ($2.0319) which is less than
ideal. In saying that, bulls now focus on $2.0889-2.1012 with a close above
needed to target 2017 highs. Bears now need a close below the 55-DMA to ease
bullish pressure and hint at a move back to $1.8484-1.8719.

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